Episode 53: Joe McCall Lease Option Mastery

Ever feel like you’re getting too caught up in this business sometimes? The market is always changing. There’s so much information coming at us all the time. We can barely keep up! We think we have to learn it all, do it all, when really all it takes is that one first step. Get your head on straight and follow your gut. Deciding on a path and seizing it is a surefire way to get yourself better organized! This is your business and it’s motivated by you and your faith in doing exactly what you need to do. My guest today is Joe McCall. He’s going to break down his strategy for wholesale leasing options deals, but he’s also going to discuss how to balance your time, your tenants, and your business. Joe does his research and finds the perfect neighborhoods for his investments. He calculates his most comfortable income and only creates deals that fit within that spectrum. His strategy also avoids the two major pitfalls real estate investors succumb to. Failing to pre-screen tenants is a major part of today’s podcast, and Joe talks about his screening strategy to help protect you and your investments from unrewarding tenants. Tune in now, and if you really enjoy today’s episode, give me a shout out and leave me a review. Now, here’s Joe McCall! MINUTE MARKERS 6:25 - Meet Joe McCall 8:07 - Joe breaks down his real estate expertise 10:28 - What was Joe’s breaking point? 15:00 - Understand the focus behind Joe’s real estate investment strategies 17:23 - How does Joe know when to walk away from leasing deals? 20:45 - Here’s how Joe screens his tenants 21:50 - The two biggest challenges Joe faces with lease options 24:30 - Why would you need a licensed realtor? 27:37 - You need to start pre-screening your tenants! 29:40 - What’s the best lesson Joe ever learned? 31:40 - Joe drops some advice for the newbies 32:12-  Joe’s favorite quote is a powerful one from Jim Elliot 32:57 - Have you read Pumpkin Plan? 33:33 - Joe’s favorite mobile apps 34:02 - How does Joe get 7 hours of sleep? 35:04 - Joe breaks down his morning routine 35:41 - What is Joe most grateful for? 36:53 - When did Joe hire a mentor? 38:22 - Joe is inspired by this business! 39:39 - Check out Joe’s podcast: Real Estate Investing Mastery   QUOTES/Tweets It’s always important to sharpen your brain, sharpen your skills. - Joe It’s okay if I make a mistake, I’m going to do this anyway and I’m going to figure it out. - Joe Links and Resources: Joe’s Website: Real Estate Investing Mastery Interested in wholesale lease options? Check out Joe’s Wholesaling Lease Options Chris Chico Steve Cook Tom Kroll Jim Elliot Secrets of a Millionaire Landlord by Robert Shemin Pumpkin Plan by Mike Michalowicz Profit First by Mike Michalowicz Evernote Voxer Slack Ask Cory A Question Want to get in touch with Cory and ask him your most burning Real Estate Investing question?  We’ve made it super easy for you.  Just head over to our Ask Cory A Question page and start recording.  Cory will play your question live on an upcoming show and answer it personally. Who Do You Want To Hear From? Name some folks I should get on the show! Hit me up:[email protected] and I’ll do my best to get them on. Did You Get Your FREE Investing Guide? TEXT the word PROFIT (38470) to immediately sent Your FREE Investing Quick Start Guide! JOIN The Elite Real Estate Investor’s Board of Directors http://JoinMyMastermind.com Connect Here Please check out our website, realestateinvestingprofits.com for the “Down and Dirty” Ultimate Real Estate Investing Quick Start Guide download.   And don’t forget to get involved with the REIP coaching program at realestateinvestingprofits.com/coachingapplication or click on the “Coaching” tab on our website!